Hennessy Balanced Fund (HBFBX)

Portfolio Asset Allocation as of 12/31/2017

Top Ten Equity Holdings as of 12/31/2017

Total as % of Net Assets 45.6%
Cisco Systems, Inc. 5.5% IBM Corp. 4.8%
Verizon Communications, Inc. 5.4% The Coca-Cola Company 4.7%
Chevron Corp. 5.0% Boeing Co. 3.8%
Pfizer, Inc. 5.0% General Electric Co. 3.3%
Exxon Mobil Corp. 4.9% Procter & Gamble Co. 3.2%

Equity Sector Weighting as of 12/31/2017

Portfolio Characteristics as of 12/31/2017

Total Fund Assets $12.7 Million
Portfolio Turnover 30%
Number of Equity Holdings 13
Median Market Cap $195.5 Billion
Median Price/Earnings 18.43x
Median Price/Book 4.01x
Number of Fixed Income Holdings 6

Country Allocation as of 12/31/2017

United States 98.9%
Cash & Other 1.1%

Fund holdings and sector allocations are subject to change and should not be considered a recommendation to buy or sell any security.